By the end of last year, over 71,000 measured gold bars were sold to the population of Kazakhstan, including buybacks, reports Zakon.kz.
Gold Bar Sales in 2024
In 2024, the National Bank of Kazakhstan supplied 47,395 measured gold bars with a total weight of 1.7 tons to second-tier banks and non-bank exchange offices.
“Thus, in 2024, considering buybacks, second-tier banks and non-bank exchange offices sold 71,106 measured gold bars to the population, with a total weight of 2.5 tons,” the National Bank of Kazakhstan reported.
Since the launch of the program, a total of 222,680 gold bars have been sold, amounting to 7.9 tons.
Most Popular Gold Bar Sizes
The 10-gram bar remains the most popular among the population, accounting for 25% of total sales (54,875 units). Other popular sizes include:
- 5-gram bars – 49,145 units (22%)
- 100-gram bars – 47,943 units (22%)
- 20-gram bars – 40,843 units (18%)
- 50-gram bars – 29,874 units (13%)
Regional Sales Breakdown
The highest sales volumes of measured gold bars in 2024 were recorded in:
- Almaty – 32,735 bars (69%)
- Shymkent – 5,200 bars (11%)
- Karaganda – 2,209 bars (5%)
The National Bank of Kazakhstan emphasized that gold bars serve as a reliable investment instrument. A key factor ensuring market liquidity is the buyback option, allowing banks and non-bank exchange offices to repurchase gold bars and provide same-day cash payments to clients.
CentralasianLIGHT.org
February 7, 2025